Starlim acquires Poly-Nova in LSR molding deal

Starlim North America Corp. (London, ON) has acquired fellow rubber injection molder Poly-Nova Technologies Inc. (Guelph, ON), building the Austrian company's North American presence. Starlim North America, which is a subsidiary of Austria's starlim//sterner (Marchtrenk), has steadily expanded its Canadian operations since its inception in 2004 with five injection molding machines. Starlim North America currently runs 45 injection molding machines.

Under the deal, Poly-Nova Technologies Inc., will be renamed Poly-Nova Technologies Limited Partnership. The company employs approximately 100 and serves the customers in the automotive, appliance, and electrical markets. Poly-Nova has been in business for 15 years, operating from a 3000m² facility. Starlim will retain Poly-Nova's existing management.

The starlim//sterner group has remained on a steady course of expansion, with recent expansions to facilities in Germany and Italy, in addition to the Poly-Nova acquisition. The company also undertook a 17,500m² expansion of its Austrian headquarters. Alliance Pacific Group (Toronto) acted as the M&A advisor to Starlim North America.